New Flexible Appraisal Guidelines
Exciting news from the GSEs Fannie Mae and Freddie Mac regarding Conventional Appraisals!
The GSEs have introduced temporary Appraisal guidelines that will allow appraisals to be completed as the mortgage community continues to make adjustments to deal with the impact COVID-19 is having on the mortgage industry.
Together with traditional appraisals (exterior and interior inspections), Bluepoint Mortgage will immediately start accepting exterior inspection appraisals when the ability to complete a traditional appraisal is not available. We will also accept a letter from the borrower to clear 1004D conditions.
Please see below matrix that reflects when the Exterior appraisal is acceptable:
We also made our in-house appraisal team available to the appraisal community to provide guidance and instruction in order to ensure the appraisal process continues to move forward.
View our complete Matrices